Japanese Candlesticks Analysis 06.03.2018 (EURUSD, USDJPY)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, after finishing the correction, EURUSD has reached the support level and formed several reversal patterns, including Harami. At the moment, it may be assumed that the instrument may rebound from the level before continuing its decline to update closest lows.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, after breaking the support level, USDJPY has completed the correction with Shooting Star reversal pattern at the top. These candlesticks may indicate that the pullback is over and the price may resume falling to update its closest lows.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
RoboForex Analytical Department
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